A 'Gansett Flurry Of Sales

It looks like SAVCAY is downsizing. SAVCAY is a limited liability company, and is connected to a sudden flurry of real estate activity in Amagansett.

The LLC owned 13 Beach Plum Court in the hamlet until it was sold recently for $9.9 million to another LLC. The 4,500-square-foot manse on 1 acre—and on the ocean—has six bedrooms and 7.5 baths. Amenities include a media room, an open chef's kitchen overlooking the ocean, and a full bar adjacent to the living room for entertaining. There are three fireplaces, an elevator, and plenty of bright sunshine. The exterior features an in-ground pool facing the ocean, expansive decking and covered porches. Then, SAVCAY took all that cash down the street and purchased 7 Beach Plum Court for nearly $4.25 million. It’s less than half the price of 13 Beach Plum, but not a rundown shack by any means. Set on 1 acre, the 5,000-square-foot residence has four bedrooms and 5.5 baths. Nestled in dune preserve land, the property features a beachside heated pool, custom mahogany decking and a private pathway to the shore. There is a living room with a fireplace set in a stone wall and walls of glass that fold open to an oceanfront terrace affording panoramic views across the dunes to the sea. The kitchen has built-in seating and top-of-the-line appliances, which opens to the pool, a patio and an outdoor shower. There is a garage, too, for housing the dune buggy.

Before leaving Amagansett, one other big sale to mention: 39 Indian Wells Highway, which was purchased by an LLC for nearly $7 million. The residence on 1.08 acres contains six bedrooms and 7.5 baths spread out among 8,010 square feet. The interior includes a grand two-story foyer leading to a great room with French doors opening to an expansive patio. There is a large eat-in gourmet kitchen with top-of-the-line appliances, which is adjacent to a double-height family room with custom masonry fireplace with herringbone patterned firebox and a formal dining room with adjoining wine room. Nearby is a spacious first-floor master suite. A bonus is hardwood flooring throughout. The second floor features a luxurious master suite with fireplace and private balcony overlooking manicured grounds, as well as three additional en-suite bedrooms and second-floor laundry facilities. The finished lower level includes two more bedrooms, a large recreational area, a media room and a glass-enclosed gym. Attached is a radiant-heated two-car garage. The grounds offer a heated pool with spa and pool house.